Velesto Energy Bhd
KLSE:VELESTO
We don't have any information about VELESTO's insider trading.
Velesto Energy Bhd
Glance View
Velesto Energy Bhd.is an investment holding company, which provides drilling and oilfield services for the oil and gas industry. The company is headquartered in Kuala Lumpur, Wilayah Persekutuan. The company went IPO on 2013-11-01. The firm segments include drilling services, integrated services, oilfield services and others. The Company’s services include offshore drilling rigs and oilfield services. The firm provides integrated services, including workover operations for the oil and gas industry. The firm also provides threading, inspection and repair services for Oil Country Tubular Goods, with a focus on premium connections used in high-end and complex wells. The firm owns and operates a fleet of offshore drilling rigs that are designed to meet the demands of the industry. Its offshore drilling rigs include NAGA 2, NAGA 3, NAGA 4, NAGA 5, NAGA 6 and NAGA 8. Its hydraulic workover units include GAIT 1, GAIT 2, GAIT 5 and GAIT 6.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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